Should you're caught within the sights of the Shopper Finance Safety Bureau (CFPB) – or if you happen to're hoping to stay away from the regulator's scrutiny altogether – right here's what you’ll need to know in 2021.
The regulator is now not “taking it simple” on client monetary providers suppliers companies in mild of the pandemic, stated Jeffrey Naimon, a accomplice at Buckley LLP, certainly one of three compliance consultants who gave an electronic CFPB examination prep with the Mortgage Bankers Affiliation's spring 2021 digital convention.
Naimon stated by using the newest presidential administration, he's seen there’s a “decrease bar” for enforcement actions.
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